Article ID: 5b50d1e77cb420bc2fb2452f5210e3cf9b02cf0fac556e89db70f14d22353951
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/brokerage-firm-starts-build-out-with-palmer-cay-purchase/
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Brokerage firm starts build-out with Palmer & Cay purchase - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Brokerage firm starts build-out with Palmer & Cay purchase by Gavin Souter Agents and Brokers , Mergers and Acquisitions Arthur J. Gallagher & Co. , AssuredPartners Feb 2, 2026 Third Wave Insurance, a commercial retail brokerage led by former AssuredPartners executive Brian Bair, has acquired Atlanta-based Palmer & Cay and will pursue more deals alongside organic expansion. Terms of the acquisition were not disclosed. Third Wave is backed by San Francisco-based asset manager TPG. Palmer & Cay, which traces its roots back 150 years, will continue to operate under its own name and be led by Jack Cay. Mr. Bair was previously retail president, East, for AssuredPartners, which Arthur J. Gallagher & Co. purchased last year. Third Wave plans to use new technology and further M&A to expand, Mr. Bair said in an email. “We’re building a modern, standardized operating system for commercial brokerage,” he said. “Our growth strategy is grounded in organic expansion and selective inorganic partnerships.” Related News Auto dealers say fake deals are driving them mad February 2, 2026 Georgia bill addresses worker heat protection February 2, 2026 MMA buys New York-based maritime broker February 2, 2026 Zurich discloses interest in Beazley as takeover battle intensifies February 2, 2026 Tesla persuades court to slash legal fees in suit over director pay February 2, 2026 Liberty unit taps new aviation leader February 2, 2026 China considers $29B bond sale to recapitalize insurers February 2, 2026 Global reinsurers seek approval to operate in Indian hub February 2, 2026 Sukoon’s profit jumps 47% in 2025 February 2, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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